Tesa SE

GreatStar Industrial announced plans to acquire Tesa Group, a Swiss high-precision measuring instrument manufacturer, from Hexagon Smart Solutions for EUR 40 million (USD 43.9 million) to enter the robotics parts processing machinery industry.

AdhexPharma acquired 100% of the shares in tesa Labtec GmbH from tesa SE. tesa Labtec is a CDMO offering formulation, development, and contract manufacturing of transdermal and topical patches and films. Terms were not disclosed.

tesa SE is investing $35.6 million to expand its manufacturing operations in Sparta, Michigan, adding state-of-the-art equipment and creating at least 25 jobs. The project is supported by a Michigan Business Development Program grant.

Tesa SE, a German adhesive manufacturer, acquired FormFormForm Ltd, the London-based company behind the Sugru kneadable glue product, for approximately £7.6 million (€8.6 million). FormFormForm will become a fully-owned subsidiary of Tesa.